Hinojosa Packaging Group has been awarded the EcoVadis gold medal for the third consecutive year, achieving 78 points out of 100 its highest score to date, and being placed in the 97th percentile of the best-rated companies. The company has experienced sustained growth since has started in 2020 to certify management and positive impact on sustainability, within this internationally recognized platform.
The EcoVadis evaluation covers a wide range of non-financial management systems, including impact on issues such as environment, labor practices and human rights, ethics, and sustainable procurement. Both in the environmental area and labor practices & human rights area, the company has improved its previous scores by 10 points, reaching, respectively, 90 and 80. Progress in these two areas has enabled Hinojosa to further improve this year the overall score and position itself in the top 3% of all companies.
The improvement in the environmental area is due, among other things, to the validation of the emissions reduction targets and to achieving the Net-Zero Standard in 2050, as part of the SBTi (Science Based Target initiative). Some of the company’s commitments in this area include achieving a 60% reduction in Scope 1 and 2 emissions and a 42% reduction in Scope 3 emissions by 2030, in addition to using 100% of its electricity from renewable sources.
Adding to these commitments to the future, Hinojosa continues to work daily to ensure that its constant, steady, and sustainable growth is guaranteed according to the circular economy’s principle. During 2023, the company reduced emissions by 16% compared to the previous year. This outstanding reduction of carbon footprint was also followed by a waste recovery rate of over 95% and a 7% increase in the energy used for production from renewable sources, reaching 71% of the total energy used.
Hinojosa packaging group’s efforts to generate a positive impact on labor practices and human rights have also been recognized by EcoVadis with the gold medal. The expansion and consolidation of its FP Dual program or the creation of Hinojosa Cathedra together with Universitat Politècnica de València are some of the most relevant initiatives. In addition, the commitment of all company employees to comply with the MSH (Hinojosa Safety Model) has led to an almost fifty percent reduction in global occupational injuries.
EcoVadis corporate sustainability ratings assess each company based on its size, location, and business area. More than 90,000 companies are rated internationally, receiving scores between 0 and 100, and in case their performance excels, EcoVadis will grant medals. After winning a bronze medal in 2020 and a silver medal in 2021, Hinojosa has now three consecutive gold medals in 2022, 2023, and 2024. Furthermore, thanks to this assessment, the company has received guidance on its strengths and 22 areas for improvement, which allows Hinojosa to focus on sustainability efforts and develop action plans to improve performance.